The Hartford has launched Private Choice Ovation, a package policy for private company management liability, extending coverage to private securities fundraising techniques, reimbursement for notification costs and expenses related to a data privacy breach and optional defense cost sublimit for wage-and-hour violations.
“As small and midsize business owners navigate increasingly complex laws and regulations governing employment practices, data privacy and private securities, even the best-run organizations can be at risk of a lawsuit,” said Tom Tucker, SVP and chief underwriting officer for The Hartford’s commercial markets division.
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